CBDT revised return forms for FY 2019-20 to be notified by end of this month
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Central Board of Direct Taxes is revising the return forms for Financial Year 2019-20 which shall be notified by the end of this month. This is being done in order to enable income tax payers to avail full benefit of various timeline extensions upto 30th of June granted by Centre due to COVID-19 pandemic.
The CBDT has initiated necessary changes in the return forms so that taxpayers could take benefits of their transactions carried out during the period from 1st April to 30th June this year in the return forms for Financial Year 2019-20.
Once the revised forms are notified, it will further necessitate the consequential changes in the software and return filing utility. Hence, the return filing utility after incorporating necessary changes shall be made available by 31st May to avail benefits for 2019-20. #casansaar (Source - NewsOnAir)
The CBDT has initiated necessary changes in the return forms so that taxpayers could take benefits of their transactions carried out during the period from 1st April to 30th June this year in the return forms for Financial Year 2019-20.
Once the revised forms are notified, it will further necessitate the consequential changes in the software and return filing utility. Hence, the return filing utility after incorporating necessary changes shall be made available by 31st May to avail benefits for 2019-20. #casansaar (Source - NewsOnAir)
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Comments
CA.Shakir V Chauhan
20-Apr-2020 , 05:47:18 pmDear Sir, New ITR will be available by end of next month- May-2020 and not this month-April